Absorption Report


Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 20% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
76k-100k 1 0
126k-150k 1 0
201k-225k 1 1 1 0.2 6
226k-250k 5 1 0.8 0
251k-275k 1 11 3 1.8 0.5
276k-300k 21 30 7 0.2 4.2
301k-325k 17 46 5 0.5 2.2
326k-350k 23 85 18 0.6 1.6
351k-375k 34 110 15 0.5 1.9
376k-400k 55 181 33 0.5 1.8
401k-425k 50 184 25 0.6 1.6
426k-450k 80 193 20 0.4 2.5
451k-475k 80 142 21 0.3 3.4
476k-500k 76 153 22 0.3 3
501k-550k 119 261 47 0.4 2.7
551k-600k 100 207 35 0.3 2.9
601k-650k 76 147 27 0.3 3.1
651k-700k 56 103 19 0.3 3.3
701k-750k 40 65 9 0.3 3.7
751k-800k 42 83 17 0.3 3
801k-850k 26 31 3 0.2 5
851k-900k 25 27 4 0.2 5.6
901k-950k 12 17 2 0.2 4.2
951k-1m 13 26 8 0.3 3
1m-1.1m 9 18 5 0.3 3
1.1m-1.2m 8 22 5 0.5 2.2
1.2m-1.3m 12 14 5 0.2 5.1
1.3m-1.4m 8 16 4 0.3 3
1.4m-1.5m 8 7 2 0.1 6.9
1.5m-1.6m 4 5 2 0.2 4.8
1.6m-1.7m 3 5 0.3 3.6
1.7m-1.8m 3 2 0.1 9
1.8m-1.9m 2 5 1 0.4 2.4
1.9m-2m 5 1 0 30
2m-2.25m 8 4 1 0.1 12
2.25m-2.5m 8 8 1 0.2 6
2.75m-3m 2 0
3.5m-4m 2 0
4m-4.5m 1 0
5.01m-6m 1 0.2 0
7.01m-8m 1 0

Townhouses 21% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 1 0
176k-200k 5 6 2 0.2 5
201k-225k 1 9 4 1.5 0.7
226k-250k 5 26 6 0.9 1.2
251k-275k 17 41 6 0.4 2.5
276k-300k 26 70 13 0.4 2.2
301k-325k 32 78 14 0.4 2.5
326k-350k 22 70 11 0.5 1.9
351k-375k 25 52 6 0.3 2.9
376k-400k 25 38 8 0.3 3.9
401k-425k 13 24 6 0.3 3.3
426k-450k 7 11 0.3 3.8
451k-475k 3 6 0.3 3
476k-500k 2 0.3 0
501k-550k 1 3 0.5 2
551k-600k 3 2 0.1 9
601k-650k 1 0.2 0
651k-700k 1 1 0.2 0
701k-750k 1 0
751k-800k 1 0

Condos 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
151k-175k 3 2 0.5 0
176k-200k 3 9 3 0.5 2
201k-225k 12 20 6 0.3 3.6
226k-250k 20 20 3 0.2 6
251k-275k 17 27 3 0.3 3.8
276k-300k 8 9 1 0.2 5.3
301k-325k 8 14 3 0.3 3.4
326k-350k 3 8 1 0.4 2.3
351k-375k 1 0
451k-475k 1 0

Land 4% of available homes are currently under contract

List Price Available # of Homes Available Sold Since 12/31 Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 3 0
26k-50k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 1 3 1 0.5 2
126k-150k 4 2 0.1 12
151k-175k 2 2 1 0.2 6
176k-200k 1 0.2 0
201k-225k 1 0
226k-250k 2 4 0.3 3
276k-300k 1 1 0.2 6
301k-325k 3 0
326k-350k 1 1 0.2 6
351k-375k 1 0.2 0
376k-400k 2 1 0.1 12
401k-425k 1 2 0.3 3
426k-450k 1 2 0.3 3
451k-475k 1 0
476k-500k 1 1 0.2 6
501k-550k 1 0
551k-600k 4 0
601k-650k 1 1 1 0.2 6
651k-700k 6 1 0 36
701k-750k 1 0
801k-850k 2 1 0.1 12
851k-900k 1 0
951k-1m 1 0
1m-1.1m 1 0
1.1m-1.2m 1 0
1.2m-1.3m 2 0
1.3m-1.4m 1 0
1.7m-1.8m 1 1 1 0.2 6
1.8m-1.9m 1 0
2.5m-2.75m 1 0
3m-3.5m 2 0
3.5m-4m 2 0